A 7,100-square-foot penthouse in Miami Beach has sold for $27 million, the highest price ever paid for a private residence there, according to Mark Zilbert, chief executive of Zilbert International Realty, which brokered the deal. It’s also the most expensive condo ever sold in Southeast Florida, according to Mr. Zilbert.

The penthouse is located atop the Setai Resort and Residences, an oceanfront complex in South Beach built in 2004. Spanning the entire 40th floor, the home has four bedrooms, six bathrooms and floor-to-ceiling windows that offer views from all sides. The home also includes a 3,000-square-foot rooftop terrace with a summer kitchen, a Jacuzzi and an infinity pool that overlooks the ocean. Read More »